CryptoSoup

CryptoSoup

A mixture of views and news on crypto currencies, distributed ledger technology and a small side order of cryptography.


Good news, bad news. Update on free cloud mining at Stormgain

16 Sep 2020 1 minute read 0 comments Tomatosoup

Back in July trading platform Stormgain launched a free Bitcoin cloud miner. In my post back then I estimated that it should distribute $10 of trading funds in around 10 days, given diligent attention to pushing the button during waking hours. I'd al...

My rookie mistake with Uniswap

15 Jul 2020 1 minute read 1 comment Tomatosoup

Uniswap is getting attention both as a simple way to swap funds from one EC20 token to another, and as a way to earn from crypto holdings by providing liquidity to the market.  Uniswap is a protocol running on Ethereum, it enables swaps without the n...

StormGain exchange launches free crypto mining.

1 Jul 2020 3 minute read 0 comments Tomatosoup

Crypto exchange StormGain has launched a new cloud miner tool which currently looks set to pay out 10 USDT every 10 days* . They say, "This unique, innovative feature enables users to mine their very own cryptocurrency right from their phone." Now if...

$1,900,000,000 missing from payment processor Wirecard, Crypto Cards and Prepaid Visa and MasterCard at risk?

18 Jun 2020 1 minute read 0 comments Tomatosoup

EY, the auditors for German payment processor Wirecard have refused to sign off the company's accounts as it has not been possible to confirm the whereabouts of $1.9bn in cash. Wirecard issues crypto debit cards and pre-paid Visa and MasterCards for...

Oops! $58,896,100 of Bitcoin lost.

22 Feb 2020 1 minute read 3 comments Tomatosoup

An Irish drug dealer has reportedly 'come to terms with' the loss of $58,896,100 (USD) worth of Bitcoin, and not to the police. Convicted criminal, Clifton Collins had been growing Cannabis in a series of rented homes since around 2005. He bought 6,0...

IOTA has been hacked! Act now to protect your IOTA. Here is what to do.

19 Feb 2020 1 minute read 0 comments Tomatosoup

Since receiving several reports of missing funds on the 12th of February 2020 the IOTA Foundation has been investigating an attack. In a series of posts to its status page, they have revealed details of the investigation and steps taken to halt the a...

Bentalefin - Scam - gone.

10 Jan 2020 1 minute read 0 comments Tomatosoup

In my earlier post, "Bentalefin.com - Scam or a changing business model?" I came to the conclusion that,  Bentalefin.com is, unfortunately, no longer a site to recommend that people experiment with. It is also now certainly not a site i'd risk $500...

Faucethub.io is closing - No more Faucets industry?

9 Nov 2019 2 minute read 1 comment Tomatosoup

In a news post today, 9th of November 2019, Mexicantarget, owner and operator of Faucethub.io announced, "The end of the faucet industry as we know it." FaucetHub is the biggest micro wallet site out there, aggregating the micro-payments in Bitcoin a...

DAI - big changes coming - 18th of November 2019

10 Oct 2019 1 minute read 2 comments Tomatosoup

Speaking at DevCon 5 in Japan on the on the 9th of October, Rune Christensen, CEO of the Maker Foundation, revealed that Multi-Collateral Dai (MCD) is ready, and scheduled to launch on November 18 - subject to a vote by MKR token holders to activate...

550,000 active members on mobile miner the Pi Network.

5 Oct 2019 1 minute read 9 comments Tomatosoup

The Pi Network, which is seeking to bring its mobile first crypto currency to the mass market, this week passed a critical landmark, 550,000 active members. That is 550,000 of users (Pioneers) engaging daily with the lightweight mining app in order t...